Tencent (OTCMKTS:TCEHY) Stock Price Passes Above 200 Day Moving Average of $40.41

Shares of Tencent Holdings Limited (OTCMKTS:TCEHY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $40.41 and traded as high as $48.74. Tencent shares last traded at $48.71, with a volume of 1,863,559 shares traded.

Tencent Stock Down 0.4 %

The firm has a market cap of $458.21 billion, a P/E ratio of 25.64 and a beta of 0.22. The firm’s 50-day simple moving average is $46.28 and its 200 day simple moving average is $40.41.

Tencent (OTCMKTS:TCEHY) last posted its earnings results on Tuesday, May 14th. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $22.28 billion during the quarter. Tencent had a net margin of 21.20% and a return on equity of 14.60%. As a group, analysts forecast that Tencent Holdings Limited will post 2.62 earnings per share for the current year.

Tencent Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, May 20th were paid a $0.3839 dividend. This is an increase from Tencent’s previous annual dividend of $0.10. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 0.88%. Tencent’s dividend payout ratio (DPR) is presently 20.00%.

About Tencent

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.